ALBARAKA is a microcredit institution, governed by the Dahir of November 1958 and the Law No 18-97 related to the exercise of microcredit activity. Founded in 1996, ALBARAKA has obtained the authorization to provide microcredit services by a Ministerial Decree issued on March 10, 2000.

The primary goals of ALBARAKA are to: 

- Provide microcredits to disadvantaged people to enable them to start or develop their own activity and    thus achieve their economic integration; 

- Provide its customers, with all operations related to microcredit, in particular training, advisory and        technical assistance; 

- Carry out in favor of its customers all financial and para-financial transactions, in particular the distribution of insurance contracts to cover people and damages;

Through these goals, ALBARAKA encourages the creation and the development of income-generating activities, contributes to financial inclusion of low-income populations and supports the promotion of employment.                                    .

Mission and Vision

Our mission falls within the scope of Morocco's microfinance national strategy, and combines between the creation of income-generating activities and the financial and social inclusion, through:

- Financing income-generating activities;

- Providing support and assistance to micro-entrepreneurs;

- Offrering a range of services and products that meets all the needs of target populations.

Our ambition is to become a major, sustainable and efficient player of the microfinance sector in Morocco, offering a diversified and innovative range of services and products, and using new technologies in order to increase the number of beneficiaries and meet all their needs.

ALBARAKA

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